FINRA last week expelled a former sales assistant from the industry for allegedly filing phony expense reports.

Debra Ann Paton worked in the brokerage and wealth advisory unit of First Tennessee Bank in Johnson City, Tenn., and served as the sales assistant for two registered reps, a role that involved preparing and submitting travel and expense reports on their behalf. According to FINRA, Paton used her access to one of the broker's expense reports to submit falsified expense reports and receive money to which she was not entitled.

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